Politics, Human Resource Management and Sociology

May 12th, 2015
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Anglia Ruskin University, Cambridge and Chelmsford
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The article describes the contribution of John Maynard Keynes in the Field of Economics

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John Maynard KeynesCourseDateBorn in 1883 in Cambridge, John Maynard Keynes belonged to a family that was famous with the academics. The father was a philosopher and an economist while the mother managed to become the first town mayor. Keynes studied at Eton and Cambridge University. He majored in Mathematics. He also had a close connection with the members of the Bloomsbury group of artists and intellectuals. Among the Bloomsbury group of the literary greats were Virginia Woolf and Russell Bertrand. At the Brettonwoods, Keynes helped in the fixing of the exchange rates. The article examines how John Maynard Keynes contributed to the modern day economics.Keynes worked in an Indian office after graduation from Cambridge. The first book of Keynes was written when he was working in the Indian office upon graduation. The book is The India Currency and Finance. The book described the working of the Indian monetary system. He could work on a dissertation often during office hours. With that he earned a fellowship to Kings College. He quit the civil service in 1908 and returned to Cambridge in 1908 and became a lecturer.He began admiring the quantity and theory of money in the 1920s.He wrote about the topic using the principles he learned from his mentor Pigou Marshall. In 1923, Keynes wrote about the monetary reform tract. His next publication was the Treatise on Money. However, the two articles were about the monetary policy. He primarily believed that the best w

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